S2C: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
S2C
Largest movements
- Receivables within one year -€5,133
down €5,133 (-12.4%), from €41,536 to €36,403
of which Trade receivables: -€3,297
- Profit (loss) carried forward -€6,949
down €6,949 (-31.7%), from -€21,893 to -€28,842
- Trade debts +€1,667
up €1,667 (+602%), from €277 to €1,944
- Gross operating margin -€5,427
down €5,427 (-841%), from -€645 to -€6,072
- Financial income -€5,068
down €5,068 (-75.0%), from €6,760 to €1,692
of which Non-recurring financial income: -€4,769
- Financial charges -€2,301
down €2,301 (-47.3%), from €4,869 to €2,568
of which Non-recurring financial charges: -€2,099
- Other operating charges -€1,190
no longer reported in 2025 (was €1,190)
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €41,687 | €36,405 | -€5,282 | -12.7% |
| Current assets | 29/58 | €41,687 | €36,405 | -€5,282 | -12.7% |
| Amounts receivable within one year | 40/41 | €41,536 | €36,403 | -€5,133 | -12.4% |
| Trade receivables | 40 | €10,135 | €6,838 | -€3,297 | -32.5% |
| Other amounts receivable | 41 | €31,401 | €29,565 | -€1,835 | -5.8% |
| Cash at bank and in hand | 54/58 | €3 | €2 | -€1 | -31.9% |
| Deferred charges and accrued income | 490/1 | €149 | - | -€149 | |
| Total equity and liabilities | 10/49 | €41,687 | €36,405 | -€5,282 | -12.7% |
| Equity | 10/15 | €16,410 | €9,461 | -€6,949 | -42.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €32,103 | €32,103 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,243 | €11,243 | = | 0.0% |
| Distributable reserves | 133 | €19,000 | €19,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,893 | -€28,842 | -€6,949 | -31.7% |
| Amounts payable | 17/49 | €25,277 | €26,944 | +€1,667 | +6.6% |
| Amounts payable within one year | 42/48 | €25,277 | €26,944 | +€1,667 | +6.6% |
| Financial debts | 43 | €25,000 | €25,000 | = | 0.0% |
| Credit institutions | 430/8 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €277 | €1,944 | +€1,667 | +602% |
| Suppliers | 440/4 | €277 | €1,944 | +€1,667 | +602% |
| Other operating charges | 640/8 | €1,190 | - | -€1,190 | |
| Gross operating margin | 9900 | -€645 | -€6,072 | -€5,427 | -841% |
| Operating profit (loss) | 9901 | -€1,836 | -€6,072 | -€4,237 | -231% |
| Financial income | 75/76B | €6,760 | €1,692 | -€5,068 | -75.0% |
| Recurring financial income | 75 | €1,990 | €1,692 | -€299 | -15.0% |
| Non-recurring financial income | 76B | €4,769 | - | -€4,769 | |
| Financial charges | 65/66B | €4,869 | €2,568 | -€2,301 | -47.3% |
| Recurring financial charges | 65 | €2,770 | €2,568 | -€202 | -7.3% |
| Non-recurring financial charges | 66B | €2,099 | - | -€2,099 | |
| Profit (loss) for the period before taxes | 9903 | €55 | -€6,949 | -€7,004 | |
| Profit (loss) for the period | 9904 | €55 | -€6,949 | -€7,004 | |
| Profit (loss) for the period to be appropriated | 9905 | €55 | -€6,949 | -€7,004 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.